Advance Auto Parts (AAP) Misses Q3 EPS by 56c, Misses on Revenue; Offers FY24 Guidnce

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Go back to Advance Auto Parts (AAP) Misses Q3 EPS by 56c, Misses on Revenue; Offers FY24 Guidnce

Advance Auto Parts Reports Third Quarter 2024 Results and Completes Comprehensive Review of Operational Productivity

November 14, 2024 6:30 AM EST

Announces Asset Optimization Program Targeting Reduction of 500 Corporate Stores, 200 Independently Owned Locations and Four Distribution Centers by Mid-2025 Introduces New Fiscal 2027 Financial Objectives Targeting Approximately 7% Adjusted Operating Income Margin (1) and Approximately 2.5x Debt Leverage Ratio; Provides Preliminary 2025 Guidance Identifies Over 500-basis points of Operating Margin Expansion Opportunity Through Fiscal 2027 With Focus on Core Retail Fundamental Excellence

RALEIGH, N.C.--(BUSINESS WIRE)-- Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and... More